Posted by: dak77
In reply to: scorpio70 who wrote msg# 250971 Date:2/28/2007 8:09:04 PM
Post #of 251070
Why stop averaging down now, don't you want to be as low as you can for the "BIG" pps explosion or is 11 million all you can afford
I'm sure a year or two down the road i'll be endlessly kicking myself for not having a greater courage of my convictions. I've got the ability and patience to see this play out. I wish everyone at this level had a longer term view and ability to do so.
If not, 11 million represents the 10% rule of tolerability on a single stock position. That it's a pink sheet stock with that much exposure to my portfolio suggests at least to any other that I'm feeling pretty assured of it working out.
If nothing else I can live with my convictions. Break even is represented at .021. It'd have to be bankrupt and not trading not to see this work out. For what I know at this stage, the possibility of that happening, doesn't cross even my radar screen of all possible outcomes anymore. And believe me I'm highly suspicious of anything by scorpio nature and seasoned by thirty years of investing.
Pinks are by and large a foolish gamble percentage wise. Some investors supposedly make a living through trading them in the short term. I've yet to run across any that seem legitimate to be stating same. Maybe there are. Who knows.
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